Stein Roe Emerging Markets Fund
a series of Stein Roe Investment Trust
Supplement to Prospectus dated Feb. 2, 1998
The Board of Trustees of Stein Roe Investment Trust voted on
Nov. 3, 1998, to liquidate Stein Roe Emerging Markets Fund (the
"Fund"). The Board directed that sales of Fund shares be
suspended as of Nov. 5, 1998, and that the Fund be liquidated on
Dec. 7, 1998, or before that time if all shareholders have
redeemed their interests in the Fund.
The Board's decision to liquidate the Fund was prompted by
the Fund's relatively small size and the belief that, under
current conditions, it would not be likely to attract significant
new assets in the near future. Funds of nominal asset size
generally tend to be inefficient for shareholders-they may have
higher expense ratios and less investment flexibility and,
consequently, lower returns over the long term.
This Supplement is Dated Nov. 5, 1998
